The government said that far from targeting any US entity, the purpose was to ensure fairness, healthy competition, and to exercise the ability of governments to tax businesses having a nexus with the Indian market through digital operations.
Fitch said COVID-19 is still in India and it is very likely that the government will have to spend a bit more on fiscal measures to support the economy.
The slowdown in India is related to a credit squeeze, which is a cyclical problem - not a structural problem: American economist Steve Hanke.
'All of us have played domestic cricket in almost empty stadiums, so that's an experience all cricketers are used to'.
The US launched an investigation, focusing on whether the tax in India and other countries discriminated against American companies, were retroactive, and reflected unreasonable tax policy.
Days after keeping India's rating at lowest investment grade for 13th year in a row, the rating agency in a webinar said despite the contraction in GDP this year, the country continues to be an outperformer among the peer groups.
The encouraging news, however, is that India features among the top four countries out of 44 nations that projected a positive hiring trend.
In the Army headquarters, the wings handling military operations, military intelligence, operational logistics and strategic movement will carry out their functions with bare minimum staff strength till April 19, according to the order. Within the command headquarters, wings handling manpower, logistics and operations will only function with skeletal staff.
'A penalty of Rs 500 was immediately imposed as per rules on Wednesday and the fine amount was also remitted. The worker was using running water to clean the car, leading to wastage of water'
The economic costs now beginning to show up in the hard numbers are far worse than initial expectations.
The first spending item on the chopping block is capital expenditure, followed by operating costs and overheads, including sales and marketing expenses.
Travel bubbles, also called travel bridges or green corridors, do away with the waiting period for travellers from certain countries. They are reciprocal in nature, meaning flyers from both countries will enjoy similar benefits.
Almost all infrastructure ministries continued spending on capex throughout the lockdown, even as the Centre tried to maintain some semblance of economic normalcy.
But demand has shown signs of pick up in the last 10 days of April after the government allowed resumption of economic activity beyond the urban municipal limit.
Commenting on ICC's decision to postpone the mega event, Jhulan said the right call was taken as most teams would have been under-prepared had it happened as planned.
FIDE president Arkady Dvorkovich said the chess world was moving online which would help the sport reach its full potential.
GDP growth during 2018-19 is estimated at 7 per cent as compared to 7.2 per cent in 2017-18.
A report published in British journal The Lancet reckons India's working population will surpass China's in the mid-2020s.
Phishing attacks could either be in the form of an email from a trusted source asking for personal information such as passwords, bank details and personal details, or it could mimic an existing website or webpage and trick a user into entering confidential information on the page.
India lost its competitive advantage as China gave fiscal benefits to its local manufacturers. Besides, recent policy flip-flops have, however, dented India's image as the 'pharmacy of the world'.
While the ratio determines the extent to which the government is able to finance its expenditure, it is also an indicator of tax compliance. Developed countries have a higher contribution of tax to their GDP.
Though India was under lockdown for only seven days of the quarter, global demand and commodity prices began falling from February as COVID-19 was spreading in other countries. 1,002 listed companies - excluding banks, non-bank lenders, insurers, brokerages, and IT firms - reported a combined pre-tax loss of around Rs 2,700 crore during Q4.
Indian Ambassador to the US, Harsh Vardhan Shringla said the United States, today, is not only India's largest trading partner, but most importantly, the two countries enjoys excellent people-to-people contact.
India's economic growth slowed to 3.1 per cent in January-March and to an 11-year low of 4.2 per cent for the full fiscal 2019-20 amid a drop in consumption and investment. The Gross Domestic Product (GDP) growth stood at 5.7 per cent in the corresponding quarter of 2018-19, according to data released by National Statistical Office (NSO) on Friday.
VIX is meant to indicate investors' perception of the annual market volatility over the next 30 calendar days. The higher the value, the higher is the expected volatility and vice versa. VIX touched its historical peak of 85.13 on November 17, 2008, in the aftermath of the collapse of Lehman Brothers. In the past five years, it has stayed below 30.
The increase in energy consumption was driven by renewables and natural gas, which together contributed three quarters of the expansion.
Now they are reinventing their strategies to stay afloat, as they see no sign of recovery for at least six months.
In a base case, the consultant said that sales could drop 25 per cent to 1.96 lakh units this year from 2.61 lakh units in 2019 across seven major cities -- Delhi-NCR, Mumbai Metropolitan Region, Kolkata, Chennai, Bengaluru, Pune and Hyderabad.
The reserves had touched a life-time high of $426.028 billion in the week to April 13, 2018.
The Asean secretariat hopes the meet may be able to iron out existing wrinkles raised by India. Since there had been no significant progress on the matter over the past two years on most issues, New Delhi is yet to decide on the invite.
'The real significance of the visit lies in the extent of the receptivity in Myanmar of the account of Chinese perfidy given by India's military and civilian top brass and how they assess the danger to themselves of dancing with the dragon,' notes Ambassador T P Sreenivasan.
The total cost of internet shutdowns across the world stood at $8.05 billion in 2019, an increase of 235 per cent since 2015-16.
The only fuel that showed growth was LPG as the government dole of free cooking gas cylinders to poor households fired up consumption by 21 per cent during April 1 to 15.
Even in this darkest hour of a crumbling economy and raging disease, there is hardly a murmur of protest against the government, observes Sumit Bhattacharya.
The income tax department estimates total collection to be between Rs 10.5 trillion and Rs 10.7 trillion against the revised target of Rs 11.7 trillion.
It is time we pre-empt Pakistan and the separatists by fast tracking normalcy, advises Colonel Anil A Athale (retd).
A very exciting opportunity for new guys in limited overs format: Kohli
The studio, covering 20,000 ft with capacity for 250 employees, has a wellness zone, a usability lab and a range of creative spaces.
However, the Indian economy is expected to bounce back in 2021, the World Bank said.
It is time the government cast its net wide for seeking expert advice on managing the Indian economy and formed a group to help it navigate the difficult days ahead, advises A K Bhattacharya.
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